Cheap Apartments for Rent in the Kilowatt Lake Neighborhood of Memphis, TN from $300 (84 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Kilowatt Lake area of Memphis.

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property at 1540 Tutwiler Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1540 Tutwiler Ave

MemphisTN38107
property at 1542 Tutwiler Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1542 Tutwiler Ave

MemphisTN38107

The Local Memphis Expert's Guide to Renting Near the City's Top Employers

Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

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2238 Howell Ave
1 to 2 Bedroom Apartments

2238 Howell Ave

2238 Howell AveMemphis, TN 38108
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1111 N Parkway
1 Bedroom Apartments

1111 N Parkway

1111 N ParkwayMemphis, TN 38105
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2086 Hubert Ave
2 Bedroom Apartments

2086 Hubert Ave

2086 Hubert AveMemphis, TN 38108

Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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property at 820 Maury St

$725

1 Bedroom Rentals

Available Now

820 Maury St

MemphisTN38107
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669-677 Harrell St
Studio to 1 Bedroom Apartments

669-677 Harrell St

669-677 Harrell StMemphis, TN 38112

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Kilowatt Lake, Memphis, TN Local Guide

Cheapest Available Kilowatt Lake Apartments for Rent

 

The cheapest available apartment rental in the Kilowatt Lake area of Memphis, TN is a 1 Bed unit found at Watkins Manor priced from $350. 1111 N Parkway has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here are the most affordable Kilowatt Lake apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Watkins Manor1 Bed, 1 bath1BR,1BA$350
1111 N Parkway1 Beds, 1 Baths1BR,1BA$600
University Gardens Manor2x1 Classic2BR,1BA$659
1716 DuPont Ave2 Bed 1 Bed2BR,1BA$850
The Galloway @ Evergreen2 Beds, 1 bath2BR,1BA$999
Kings Reserve MemphisStonewall1BR,1BA$1,050
Parcels at ConcourseKismet 41BR,1BA$1,650

Best Value Apartments for Rent in Kilowatt Lake, TN

As of July 22, 2026 the best value apartment in the Kilowatt Lake area is the $2.26 price per square foot Americus 1 Model at Parcels at Concourse in the in the Medical District neighborhood starting from $2,187. The second greatest value Kilowatt Lake apartment is the Overton Model at Kings Reserve Memphis starting at $1,175 with a $1.27 price per square foot in the Midtown Memphis neighborhood. Here is today’s list of the best values for Kilowatt Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parcels at ConcourseAmericus 12BR,2BA$2.26
Kings Reserve MemphisOverton2BR,1BA$1.27
1111 N Parkway1 Beds, 1 Baths1BR,1BA$0.75
University Gardens ManorGold Unit2BR,1BA$1.19
The Galloway @ Evergreen2 Beds, 1 bath2BR,1BA$1.67
1716 DuPont Ave2 Bed 1 Bed2BR,1BA$1.48
Watkins Manor1 Bed, 1 bath1BR,1BA$0.61

College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive

Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Kilowatt Lake, Memphis, TN

Ranked #98

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Kilowatt Lake Apartments

What is the price of a cheap apartment in Kilowatt Lake?

The cheapest apartment in Kilowatt Lake is Watkins Manor which is listed at $350, while the average apartment in Kilowatt Lake costs $1,325.

What types of apartments are the cheapest in Kilowatt Lake?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 91 regular apartments in Kilowatt Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Kilowatt Lake?

Cheap apartments in Kilowatt Lake have an average cost of $429 which is $896 cheaper than the average rent for all rentals in Kilowatt Lake.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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